Sensex reverses loss, gains 100pts; Nifty50 above 17,950

Domestic markets reversed early losses and edged higher in Wednesday’s intra-day trade, supported by gains across index-heavyweights like Tata Consultancy Services, Infosys, Tech Mahindra, HCL Technologies, Sun Pharma, among many others.

Key indices Nifty50 recouped over 40 points to trade above 17,900 levels , whereas the S&P BSE Sensex reversed over 150 points to hit day’s high of 60,327 levels.

Broader markets, meanwhile, were upbeat in trade as Nifty SmallCap 100 and Nifty MidCap 100 indices rose up to 0.5 per cent.

Sectorally, Nifty IT, Nifty Media, and Nifty Metal indices gained the most, up to 1 per cent. Nifty FMCG, and Nifty Auto indices, however, declined the most, up to 0.3 per cent.

Among individual stocks, shares of Adani Wilmar gained over 2 per cent after the company saw strong volume growth in Q3 business update.

Besides, shares of Jindal Steel & Power (JSPL) surged 2 per cent to hit over 10-year high of Rs 610.25 on improved outlook.